Ship and offshore yard Keppel Verolme BV (KV), the Dutch division of offshore and marine group Keppel Offshore & Marine Ltd has acquired three graving docks situated within its compound from the port of Rotterdam for approximately €10 million ($13.9 million).

"This latest asset acquisition reflects Keppel's confidence in the future of the marine and offshore sector in Northern Europe," said Harold Linssen, managing director of KV.

Among the graving docks acquired by KV was a 405 metres long and 90 metres wide dock, reputed to be among the largest in Europe, according to the company.

"This investment by KV reaffirms the attractiveness and the resilience of the Rotterdam maritime cluster," said André Toet, chief operating officer of the port of Rotterdam.

KV offers marine services such as dry docking, repair and maintenance, modification conversions and construction of vessels.